Bitcoin supporter, U.S. Senator Cynthia Lummis plans to introduce new encryption bill next year

余YU

读者

2021-12-24 05:29

This article is about 968 words, reading the full article takes about 2 minutes

Aspects of asset classification, regulators, taxation, etc. will be covered.

AI Summary

Expand

Aspects of asset classification, regulators, taxation, etc. will be covered.

This article comes fromDecrypt, original author: Jeff Benson

Odaily Translator |

Summary:

This article comes from
, original author: Jeff Benson

Odaily Translator |secondary titleSummary:

U.S. Senator Loomis plans to introduce new cryptocurrency legislation, Bloomberg reported.

It will touch everything from stablecoins to taxes.

U.S. Senator Cynthia Lummis is a member of the U.S. Senate Banking Committee and is one of only two sitting senators holding Bitcoin. according to

Bloomberg's report on Thursday

, she plans to introduce a sweeping bill next year that aims to overhaul the cryptocurrency legislation and regulatory landscape.

According to reports, if the bill passes, it will call for the creation of a new regulatory agency to deal with cryptocurrency-related matters. The agency will be jointly regulated by the U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC).The bill would also determine how to classify different types of crypto assets for regulatory purposes, codify crypto tax rules, outline regulations for stablecoin providers, and include consumer protection rules.Senator Loomis, a staunch Bitcoin advocate, told Decrypt last week, "I am optimistic that we will eventually agree on a legal framework for digital assets that resolves many long-standing issues, including regulatory jurisdiction." rights, market integrity, self-regulatory organizations and stablecoin issues.”

Cryptocurrency regulation is at a crossroads, with the industry, the U.S. Congress, and regulators saying the industry needs to be regulated, but not agreeing on how or by whom.

US SEC Chairman Gary Gensler has sought to increase oversight of the cryptocurrency market through his agency. He referred to the fact that many assets listed on crypto exchanges may be classified as securities — tradable financial instruments such as stocks and bonds.Meanwhile, CFTC Chairman Rostin Behnamurge senate committee

Granting more jurisdiction over the digital asset space to its agency, which typically oversees derivatives such as bitcoin futures.